Its assets are yet to be confirmed. In the lead up to the appointment of receivers Villa Maria came under pressure due to issues with the group s financial structure, the report said. The group had been running a process to raise equity and sell surplus land in Mangere, Auckland. Receivers had helped Villa Maria directors sell the land, it said. Shares in Villa Maria were being sold but details relating to the sale process were commercially sensitive, the report said. In May Gibson said Villa Maria had been looking to raise capital. New investment or a sale of shares had been considered, and it was decided all shares in Villa Maria Estate would be sold, he said at the time.
Top women share the secrets of their success
12 minutes to read
Jane Phare is a senior business reporter for the New Zealand Heraldjane.phare@nzme.co.nz
To mark International Women s Day, Jane Phare talks to six women about their experiences in business and in life, about building confidence, speaking out and battling with imposter syndrome. What struck me about these six high-achieving women was how candid they were, and how willing they were to pass on advice that might help and inspire younger generations of women coming through. Most admitted to hearing that inner voice that says, Really? Do you think you re up to it?